Frax Share is the governance tokens as CRV. Users need it for accrues fees, seigniorage revenue, and excess collateral value. They use the same mechanism as CRV with veCRV. Holders of FSX can lock for up to 4 years it to get veFSX. (100 FXS locked for 1 year give you 100 veFSX or locked for 4 years to get 400 veFSX). Users should know that veFSX is not a transferable token, however, it helps to boost your farming rewards up to 2.5x as for Curve protocol. That is why Convex aggregate FXS from different users, then lock it to get boosted yields. Each week holders of veFSX choose different gauge to boost rewards. To sum up, locked FXS gives you veFXS that has voting power and helps users to boost rewards, the same as for CRV and veCRV. I like the idea behing veTokens that is why I rate this idea 5 stars, however, for FXS they just use it as it was developed by Curve, hence, I can put only 4 stars here. Show Less
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